CNPC, Enl develop unconventional resources in Sichuan basin

摘要

China National Petroleum Corp., the country's largest energy producer by volume, said that it has signed a joint study agreement with Italian oil giant Eni to develop unconventional resources in the Sichuan basin. The block, north of Rongchang County, has an area of 2,000 sq km. If results show that development of the block is commercially and technically feasible, the two companies will enter into negotiations to sign a more formal production-sharing contract, so that further development can take place.